Fortescue, Rio Tinto & WiseTech Global Slipped In Red On ASX

  • Mar 20, 2019 AEDT
  • Team Kalkine
Fortescue, Rio Tinto & WiseTech Global Slipped In Red On ASX

Fortescue Metals Groups Limited (ASX: FMG)

Fortescue Metals Groups Limited (ASX: FMG) hosts today on 20th March 2019, the global iron ore and steel forecast conference presentation. On the financial performance front, the company reported a decrease in NPAT of $644.0 million in 1H ‘19 as compared to $681.0 million in the prior corresponding period. The underlying EBITDA stood at $1.6 billion in 1H FY19 as compared to $1.8 billion in the previous corresponding period of 1H FY18.

By the end of the trading session, the stock of Fortescue Metals Groups stood at a price of A$$6.360, down by 6.745%, with a market capitalization of ~$21.0 billion as on 20th March 2019. The stock opened at $6.60 and touched a day high of $6.68 with a day low of $6.320. The stock has generated a significant YTD return of 67.22% and returns of 83.10%, 68.03% and 9.28% over the past six months, three months and one-month period, respectively. It had a 52-week high price of $6.960 and a 52-week low price of $3.455, with an average trading volume of ~19.61 million. The stock is trading at a PE multiple of 17.250x with an annual dividend yield of 4.55%.

Rio Tinto Limited (ASX: RIO)

Rio Tinto Limited’s (ASX: RIO) Board of Directors recommend the shareholders for voting against the resolutions 18 and 19, since these are not in the best interests of shareholders or the company. As considered by the Board, the proposed constitutional amendment to allow non-binding advisory resolutions is likely to create uncertainty and difficulties, including in relation to the authority and accountability of the directors.

By the end of the trading session, the stock of Rio Tinto Limited stood at a price of A$92.09, down by 2.807%, with a market capitalization of ~$35.17 billion as on 20th March 2019. The stock opened at $92.980 and touched a day high of $93.050 with a day low of $91.360. It has generated a YTD return of 28.10% and returns of 30.23%, 28.19% and 6.13% over the past six months, three months and one-month period, respectively. It had a 52-week high price of $94.830 and a 52-week low price of $66.978, with an average trading volume of ~1.91 million. The stock is trading at a PE multiple of 8.430x with an annual dividend yield of 4.45%.

WiseTech Global Limited (ASX: WTC)

WiseTech Global Limited (ASX: WTC) today on 20th March 2019 has announced a successful completion of a $300 million fully underwritten placement of 14,354,067 fully paid ordinary shares to existing institutional shareholders and eligible new institutional investors at a price of $20.90, with an aim to provide the company with balance sheet flexibility and increase the capacity at which it can accelerate its long-term organic growth.

By the end of the trading session, the stock of WiseTech Global Limited stood at a price of A$23.0, down by 0.777%, with a market capitalization of ~$6.98 billion as on 20th March 2019. The stock opened at $21.680 and touched a day high of $23.520 with a day low of $21.520. The stock has generated a YTD return of 36.11% and returns of 11.60%, 30.08% and 2.39% over the past six months, three months and one-month period, respectively. It had a 52-week high price of $25.0 and a 52-week low price of $9.180, with an average trading volume of 668,822. The stock is trading at a PE multiple of 143.09x with an annual dividend yield of 0.14%.


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